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Property profile & analytics
OFF-MARKET
Office Spaces
3100 State Rte 138b Wall Township, NJ 07719-9020
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US59-1015801
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1983
Total area
1,032 SF
Lot
0.02 ac (1,038 SF)
Zoning code
OP-2
APN
52 00772-0000-00024- 002
UPID
US59-1015801
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
3100 138 LLC · 7 yrs held
3100 138 LLC
since 2019
5 recorded transactions
Zoning & alternative use
OP-2 · Wall Township, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone is intended for a mix of office park uses, including professional services, light manufacturing, wholesale, and various institutional and personal services.
Zone name
Office Park
General category
INDUSTRIAL
Zone area
433.05 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wall Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wall Township submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$2,419
Tax year 2022
Assessed value
$119,400
Assessed 2023
Previous assessed
$119,400
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$56,800
Assessed improvement
$62,600
Land market value
$56,800
Improvement market value
$62,600
Total market value
$119,400
Applied tax rate
52.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1983
Heating
NONE
Buildings
1
Units
1
Total area
1,032 SF
Lot
0.02 ac (1,038 SF)
Zoning code
OP-2
APN
52 00772-0000-00024- 002
UPID
US59-1015801
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
OP-2 · Wall Township, NJZoning OP-2 · permitted uses
OP-2 · Wall Township, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone is intended for a mix of office park uses, including professional services, light manufacturing, wholesale, and various institutional and personal services.
Zone name
Office Park
General category
INDUSTRIAL
Zone area
433.05 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Buildings
1
Units
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
3100 138 LLC
Entity
Mailing address
3100 STATE RTE 138A, WALL TOWNSHIP, NJ 07719-9020
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2019
—
3100 138 LLC
Ragan,w Peter SR & W Peter JR
Grant Deed
related
—
May 20, 2004
$10
W P Ragan SR.
138 Properties
Grant Deed
$200,000 · Commerce Bank Shore NA
—
—
3100 138 LLC
—
Deed Of Trust
related
$520,524 · W Peter SR Ragan
—
—
W Peter Ragan SR.
—
Deed Of Trust
related
$188,000 · Commerce Bank NA
—
—
W Peter Ragan SR.
—
Deed Of Trust
related
$640,000 · Td Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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